Compare Canada’s cheapest Hyundai car insurance rates
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- Insuring your Hyundai vehicle
- How much is it to insure a Hyundai vehicle for a young driver?
- How much is it to insure a Hyundai for an experienced driver?
- How much can a traffic ticket or an accident raise your insurance?
- How to get cheaper car insurance for your Hyundai
- Should you buy or lease your Hyundai?
- Which Hyundai model is considered safest?
- Get additional protection with Hyundai Extended Protection Plans
Insuring your Hyundai vehicle
Hyundai is a known brand and car entity that is both reliable and safe for consumers who shell out the money to purchase one. According to Consumer Reports, Hyundai is among the top 10 brands when it comes to quality, occupying the eighth spot in the overall rankings. It tanks especially highly in categories such as Maintenance and Repair Cost and New Car Reliability, some of the most important categories to affect your premiums.
Below, you'll find out how various factors could impact insurance premiums for your Hyundai vehicle.
How much is it to insure a Hyundai vehicle for a young driver
When it comes to insuring your Hyundai, being a young driver often means dealing with higher premiums. This might feel unfair at first glance, but it all comes down to how insurance companies calculate risk.
Here are the factors that may have an impact:
Driver's risk level: Younger drivers are statistically involved in more accidents compared to older, more experienced drivers, usually due to the lack of the necessary split-second decision-making skills. Younger drivers are also more attracted sportier cars, like Hyundai Kona N or Santa Fe Sport, which are much riskier to drive. All of this adds up to more claims.
Technology and repair expenses: Hyundai vehicles often come equipped with innovative tech features like collision avoidance systems or lane-keeping assistance. These are fantastic for safety, but they also come with a higher price tag when it comes to repairs. For instance, replacing a damaged sensor after a minor collision will cost more than fixing a basic component in an older car, which can influence insurance rates.
Model-specific impacts: The type of Hyundai you drive also plays a part in how much you pay for insurance. A sportier model, like the Hyundai Veloster, might be seen as encouraging more dynamic driving behavior, while an SUV like the Hyundai Tucson is often associated with family use and safer driving patterns. Even if you’re a careful driver, insurers factor in the overall profile of the vehicle when they calculate your premium.
Theft rates: Insurance companies also look at trends like theft rates for specific car models. If your Hyundai happens to be more popular among car thieves, or if auto theft is a common issue in your area, this can push up your rate even if the car is parked safely in your driveway most of the time.
While some factors are out of your control, like your age, there are things you can do to help lower your insurance costs.
Age | Insurance cost range |
|---|---|
18 | $8,131 - $13,789 |
19 | $6,777 - $10,926 |
20 | $6,345 - $9,034 |
21 | $6,036 - $7,477 |
22 | $5,645 - $5,820 |
23 | $4,973 - $5,503 |
24 | $4,547 - $5,172 |
25 | $4,312 - $4,932 |
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How much is it to insure a Hyundai vehicle for an experienced driver
Having years of driving experience can certainly help lower your Hyundai’s insurance rates, especially if your record is clean.
Here all the factors that play a role in how your premiums are calculated:
Experience (and age): Most insurers favor drivers in their 30s, 40s, and 50s with the best rates. Meanwhile, premiums can climb for those in their 60s or older, often reflecting concerns like slower reaction speeds or potential health risks.
Hyundai model: The make and model of your Hyundai have a big influence on your insurance costs. Affordable models like the Elantra and Tucson are cheaper to insure because they're easier to repair and maintain. By contrast, models like the Palisade or sporty Kona N may increase your premiums due to their more complex repair needs and performance specifications.
Driving record: Maintaining a clean driving record is a great way to secure lower insurance rates. However, recent accidents, traffic violations, or speeding tickets can push your premiums higher, even if you're an experienced driver.
How often you drive: The more you drive, the higher your chance of being involved in an accident. If you use your Hyundai for daily commuting or long-distance driving, your rates will likely be higher. If you drive less, however, you might be eligible for a low-mileage discount.
Where you live: The insurance rates for your Hyundai depend partly on your location. If you reside in a crowded city with heavy traffic and a higher risk of accidents, you’ll likely pay more.
Safety features: Modern Hyundai models like the Santa Fe and Ioniq 5 are equipped with cutting-edge safety technology, such as lane-keeping assist and automatic emergency braking. These innovations can lower the chances of accidents and may contribute to reduced insurance premiums.
Although some factors are unavoidable, you can still take action to minimize your expenses.
Age | Insurance cost range |
|---|---|
30 | $2,610 - $3,652 |
35 | $2,426 - $3,521 |
40 | $2,353 - $2,939 |
45 | $2,276 - $2,833 |
50 | $2,135 - $2,716 |
55 | $2,060 - $2,557 |
60 | $2,028 - $2,450 |
65 | $2,016 - $2,405 |
Methodology
The table above outlines the average cost of car insurance in Toronto for a female G-licensed policyholder driving a 2023 HYUNDAI ELANTRA ESSENTIAL 4DR. Using our rate calculator, we calculated average auto insurance premiums by age, assuming the driver has a clean driving record. All ranges and averages presented represent the three lowest quotes offered. The insurance policies used for comparison include $1,000,000 in coverage, along with a $1,000 deductible for both collision insurance and comprehensive insurance.
It’s important to note that these quoted rates are specific to this driver profile. You are more likely to find rates at the lower end of the provided range by comparing quotes from different providers and selecting the one that offers the best value for your needs.
Disclaimer
Auto insurance rates are influenced by a variety of factors, including (but not limited to) your postal code, driving history, the specific make and model of the vehicle, additional safety features, whether you attended driving school, and more. This means the premiums for individuals with different circumstances may vary significantly from the rates shown here. Always compare personalized quotes to ensure you're getting the best coverage at the best price.
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How much can a traffic ticket or accident raise your insurance?
Accidents can happen, and whether you’re behind the wheel of an Elantra or a Tucson, aren’t immune to the effects of tickets or accidents on insurance. For example, running a red light or getting involved in a rear-end collision could signal reckless driving to your insurer, leading to higher rates. Even though Hyundai vehicles are known for their affordability, the costs of repeated violations can add up.
Here are some of the possible changes you will see in insurance rates, based on major convictions and at-fault accidents:
Age | Major convictions | At-fault accidents | Insurance cost range |
|---|---|---|---|
30 | None | None | $2,610 - $3,652 |
None | 1 | $5,858 - $6,996 | |
1 | None | $6,862 - $7,919 | |
1 | 1 | $13,423 - $20,235 | |
35 | None | None | $2,426 - $3,521 |
None | 1 | $5,424 - $6,644 | |
1 | None | $6,610 - $7,308 | |
1 | 1 | $12,913 - $18,528 | |
40 | None | None | $2,353 - $2,939 |
None | 1 | $5,272 - $6,242 | |
1 | None | $4,809 - $7,008 | |
1 | 1 | $12,677 - $18,528 | |
45 | None | None | $2,276 - $2,833 |
None | 1 | $5,078 - $6,024 | |
1 | None | $4,180 - $7,008 | |
1 | 1 | $12,613 - $18,528 | |
50 | None | None | $2,135 - $2,716 |
None | 1 | $5,085 - $5,784 | |
1 | None | $3,902 - $6,876 | |
1 | 1 | $12,651 - $17,344 | |
55 | None | None | $2,060 - $2,557 |
None | 1 | $5,043 - $5,441 | |
1 | None | $3,754 - $6,024 | |
1 | 1 | $12,970 - $16,639 | |
60 | None | None | $2,028 - $2,450 |
None | 1 | $4,970 - $5,227 | |
1 | None | $3,688 - $5,940 | |
1 | 1 | $13,145 - $16,309 | |
65 | None | None | $2,016 - $2,405 |
None | 1 | $4,768 - $5,152 | |
1 | None | $3,661 - $5,688 | |
1 | 1 | $13,377 - $16,209 |
Methodology
The table provides a comparison of average car insurance premiums in Toronto for a female G-licensed driver operating a 2023 HYUNDAI ELANTRA ESSENTIAL 4DR. The analysis includes two driving profiles: one for drivers with clean records, meaning no major convictions or at-fault accidents, and another for drivers with one at-fault accident, one major conviction, or both. Using a rate calculator, we determined the average premiums across different age groups by selecting the three lowest quotes from leading insurance providers. The insurance coverage considered includes $1,000,000 in liability coverage and a $1,000 deductible for both collision and comprehensive insurance. For drivers with at-fault accidents or convictions, premiums were adjusted based on the additional risk weighted by insurers, leading to higher quotes for that group.
Disclaimer
It is important to note that the rates listed are specific to this driver and vehicle profile and may vary significantly based on individual circumstances. Factors such as postal code, claims history, specific vehicle features, and even completion of a recognized driving school course can influence premiums. To ensure the best value, it is essential to obtain personalized quotes from multiple providers, as rates and coverage offerings can differ substantially depending on how each insurer evaluates risk. Comparing quotes allows drivers to find the most suitable and cost-effective insurance for their unique needs.
How to get cheaper car insurance for your Hyundai
Hyundai drivers have a variety of ways to reduce their insurance expenses. For example, you might bundle your policies into one plan with the same insurance provider to unlock savings. You could also look into telematics programs that reward you for safe driving. Taking a driving course can help you lower your premiums even more. Don’t forget to explore all your options to find the best fit.
Here are some ways you can get cheaper car insurance
Bundling policies
Bundling your auto and home insurance—or combining other policies like tenant or condo insurance—can significantly reduce your premiums. Insurance companies appreciate customer loyalty and often reward it with discounts. Savings can reach up to 20% or more. By taking advantage of this, you not only simplify your insurance management but also save a chunk of change.
Multi-vehicle discount
If your household has more than one car, insuring them under the same policy can lead to big savings. This is because insurers offer discounts (up to 15%) for placing multiple vehicles together under one account. It’s an easy win for families or households with multiple drivers, as it combines coverage while cutting costs.
Loyalty discounts
Insurance companies love loyal customers, and they often show it by reducing premiums for those who stick with them year after year. The longer you stay, the more you save—it can range from 5% after one year to as much as 10% for a decade of loyalty. If you’re happy with your insurer and their service, this discount is an excellent perk.
Higher deductibles
Choosing a higher deductible (the amount you pay out of pocket in a claim) can reduce your annual premiums by 5-10%. While the trade-off means you’d pay more in case of an accident, it’s a smart option for drivers who are confident in their safe-driving habits and want lower upfront costs.
Paying annually
Paying your entire premium in one annual payment instead of monthly installments can save you money by avoiding administrative or installment fees. While it requires a larger payment upfront, it’s a simple way to cut down on overall costs.
Telematics programs
Telematics are devices which can be added to you car or through a mobile app, which monitor your driving habits, such as speed, braking and mileage, rewarding safe drivers with lower premiums. They offer benefits like fairer rates for low-mileage drivers, personalized discounts and improved driving awareness. To maximize savings, you should focus on consistent safe driving, reduce high-risk night trips and choose a telematics program that best fits your needs.
Winter tires
Installing winter tires is not only smart for safely navigating Canada’s icy roads, but it can also reduce your premiums by 2%-5%. Some provinces, like Ontario, even require insurers to offer this discount. If you regularly switch to winter tires, make sure your insurer knows about it.
Anti-theft devices
Vehicles with anti-theft systems, like alarms or tracking devices, are less likely to be stolen, and insurers recognize this by offering discounts up to 15%. If your car doesn’t come with built-in anti-theft features, consider installing an aftermarket system to take advantage of this savings opportunity.
Should you buy or lease your Hyundai?
When shopping for a Hyundai, one of the biggest decisions you'll face is whether to buy or to lease. Both options have their pros and cons, depending on your budget, driving habits and long-term plans. Buying gives you full ownership and the ability to customize your car, while leasing offers lower monthly payments and the chance to drive a new model every few years.
Here's a list of advantages and disadvantages to help you make the right call regarding your potential Hyundai vehicle:
Leasing
Advantages:
- Lower monthly costs: Leasing a Hyundai often comes with lower monthly payments compared to buying, making it a great option if you’re on a budget.
- Access to newer models: With lease terms usually lasting 2 to 3 years, you can upgrade to a newer Hyundai more often. For example, you might prefer having access to the latest technology or safety features in newer models.
- Warranty coverage: Hyundai’s award winning 5-year/100,000 KM warranty is a huge perk, and most leases fall within this coverage period. This means you can lease a car like the Hyundai Kona, a versatile and fun-to-drive crossover, and not worry about unexpected repair costs during your lease term.
- Short-Term Flexibility: Leasing is ideal if you’re not ready to commit to a car long-term. For example, if you’re considering switching to an electric vehicle like the Hyundai Ioniq 5 in the future, leasing gives you the flexibility to make that transition when you’re ready.
Disadvantages:
- Mileage restrictions: Leases often come with annual mileage caps, such as 10,000 or 12,000 miles per year. If you exceed this limit, you’ll need to pay additional fees.
- No ownership: At the end of the lease, you’ll need to return the car or pay to purchase it. This can feel limiting if you’ve grown attached to the vehicle or want to keep it long-term.
- Limited customization: If you want to personalize your Hyundai, like adding a roof rack to a Hyundai Santa Cruz for outdoor adventures, you won’t have that freedom because leasing doesn’t allow for modifications.
- Potential extra costs: If you return the car with noticeable damage or wear, you could face extra charges. For example, small dents, scratches, or interior stains might lead to additional fees.
Buying
Advantages:
- Full ownership: When you buy a Hyundai, it’s yours to keep once the loan is paid off, which can save you money in the long run. Hyundai vehicles are known for their reliability, so owning one for 10 years or more can be a great investment.
- Unlimited mileage: Buying means you can drive as much as you want without worrying about penalties. This is perfect if you’re planning long road trips or have a busy lifestyle. For example, a Hyundai Santa Fe, with its roomy interior and excellent fuel efficiency for an SUV, is a great choice for families who love to travel.
- Freedom to customize: Ownership allows you to modify your Hyundai however you like, whether it’s upgrading the sound system, adding a bike rack, or even installing all-terrain tires. For instance, if you own a Hyundai Santa Fe, a popular car among campers, you can customize it off-road adventures.
- Long-term value: Hyundai’s vehicles are known for their durability and come with an industry-leading warranty. If you plan to keep your car for many years, buying can save you money compared to leasing multiple vehicles over the same period.
Disadvantages:
- Higher monthly payments: Purchasing a Hyundai often requires a larger down payment and higher monthly payments compared to leasing. This can mean a tighter budget in the short term.
- Depreciation: Like all cars, a Hyundai will lose value over time, so if you plan to sell it later, you may not get back what you paid.
- Out-of-warranty repairs: Once the warranty expires, you’re responsible for all repair costs, which can add up as the car ages especially for models with premium features, where repairs can get quite costly in the long run.
Which Hyundai model is considered the safest?
The 2025 Hyundai Ioniq 5 is a fully electric small SUV that combines cutting-edge technology with advanced safety features, making it a standout choice for eco-conscious drivers. This 4-door SUV has been evaluated by the Insurance Institute for Highway Safety (IIHS) and has received excellent ratings across various safety categories, ensuring a secure and reliable driving experience.
Small overlap front test: This test examines the vehicle’s ability to shield passengers when the front corner collides with an object like a pole. The Ioniq 5 performed exceptionally well, earning a top rating for its strong structure and effective impact absorption.
Moderate overlap front test: Evaluates how well the vehicle protects passengers during a broader front-end crash. The Ioniq 5 earned top marks, showcasing its durable design and reliable safety measures.
Side impact test: Simulates a collision from the side, such as being struck by another vehicle. The Ioniq 5 excelled in this test, earning a superior rating for its reinforced structure and advanced side airbags.
Complementing its crashworthiness, the Hyundai Ioniq 5 features advanced crash avoidance and mitigation systems. The vehicle includes standard pedestrian detection, which uses sensors to identify people on the road and apply automatic braking when needed. The headlights, which vary by trim and options, received a rating of good to acceptable, providing dependable visibility for nighttime driving. The LATCH system for child seat installation received an acceptable rating, making it functional but with some usability challenges. Seat belt reminders were rated as good, ensuring passengers are prompted to buckle up for every drive.
Additional safety features include standard blind spot detection, lane departure warning and prevention, and rear automatic braking, offering drivers extra confidence and security on the road.
Category | Evaluation criteria | Rating |
|---|---|---|
Crashworthiness | Small overlap front | G |
Moderate overlap front: updated test | G | |
Side: updated test | G | |
Crash avoidance & mitigation | Headlights (varies by trim/option) | GA |
Front crash prevention: pedestrian (Standard system) | A | |
Seat belts & child restraints | Seat belt reminders | G |
LATCH ease of use | A | |
Other available safety features
| ||
Source: The Insurance Institute for Highway Safety
Get additional protection with Hyundai Extended Protection Plans
Hyundai has your back with some of the best warranties out there, giving you real peace of mind every time you get behind the wheel. Whether you're zipping through the city or heading off on a road trip, knowing you're covered makes all the difference. Here's everything you need to know about what Hyundai offers:
Comprehensive Limited Warranty
Think of this as all-in-one coverage you can count on:
- 5 years/100,000 KM of protection for most parts of your vehicle.
- Covers the repair or replacement of faulty parts installed by Hyundai.
There’s even special coverage for specific items:
- Radio and sound systems (including GPS): 3 years/60,000 KM
- Paint issues (like defects): 3 years/60,000 KM
- Battery defects: 2 years/40,000 KM
Powertrain Warranty
When it comes to important components like your engine and transmission, Hyundai takes care of it so you don’t have to stress:
- Covers key parts like the engine, transmission, and 4WD components.
- If there’s a defect in materials or factory workmanship, Hyundai has you covered.
Emission System Warranty
Staying eco-friendly is easier when Hyundai’s warranty is in your corner:
- Basic protection covers 5 years/100,000 KM for major emissions components
- Extended coverage specifically for:
- Catalytic Converter
- Engine Control Module
- Onboard Diagnostics (OBDII), covered for 8 years/130,000 KM
Anti-Perforation Warranty
Rust? Not on Hyundai’s watch:
- Covers corrosion that starts inside the body sheet metal and works its way outward
- Surface rust isn’t covered, but deeper issues are
Bonus perks
Every Hyundai warranty also includes 24/7 Roadside Assistance, completely free. That means if you need towing, lockout assistance, fuel delivery, or more, you’re covered anywhere in Canada or the U.S. Plus, with Hyundai’s factory-trained technicians, you’ll always be in expert hands.
Hyundai doesn't just offer warranties; they offer the confidence that comes with knowing you're set for years ahead. And if you want even more coverage, check out their Extended Protection Plans for added peace of mind. Take a deep breath, hit the road and focus on enjoying your drive.
